First Trust Stock in 2018 Q3 Driven by Institutional Investors

Sentiment for First Trust (NYSE:FEO)

First Trust (NYSE:FEO) institutional sentiment decreased to 0.73 in 2018 Q3. Its down -1.27, from 2 in 2018Q2. The ratio turned negative, as 8 investment managers increased or opened new holdings, while 11 sold and reduced stakes in First Trust. The investment managers in our partner’s database now have: 1.49 million shares, down from 1.59 million shares in 2018Q2. Also, the number of investment managers holding First Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 8 Increased: 5 New Position: 3.

First Trust/Aberdeen Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The company has market cap of $66.84 million. It is co-managed by Aberdeen Asset Management Inc. It currently has negative earnings. The fund invests in public equity and fixed income markets of global emerging countries.

The stock decreased 0.35% or $0.04 during the last trading session, reaching $12.94. About 10,706 shares traded. First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) has declined 20.67% since January 14, 2018 and is downtrending. It has underperformed by 20.67% the S&P500.

1607 Capital Partners Llc holds 0.17% of its portfolio in First Trust/Aberdeen Emerging Opportunity Fund for 226,889 shares. Cornerstone Advisors Inc owns 36,561 shares or 0.03% of their US portfolio. Moreover, Lazard Asset Management Llc has 0.01% invested in the company for 586,126 shares. The Illinois-based Rmb Capital Management Llc has invested 0.01% in the stock. Wolverine Asset Management Llc, a Illinois-based fund reported 66,168 shares.

More notable recent First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) news were published by: Seekingalpha.com which released: “First Trust/Aberdeen Emerging Opportunity Fund declares $0.35 dividend – Seeking Alpha” on December 10, 2018, also Crainscleveland.com with their article: “Myers Industries names Ron De Feo to board of directors – Crain’s Cleveland Business” published on August 08, 2018, Seekingalpha.com published: “Weekly CEF Roundup: More Nuveen Cuts And NTG Rights Offering – Seeking Alpha” on June 21, 2018. More interesting news about First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) were released by: Seekingalpha.com and their article: “Morgan Stanley Emerging Markets Debt Fund – Last Reasonable Global Income CEF? – Seeking Alpha” published on October 05, 2017 as well as Seekingalpha.com‘s news article titled: “Enova International’s (ENVA) CEO David Fisher on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: April 26, 2018.

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